OpenCBS Revenue and Competitors

OpenCBS is a software company founded in 2013 as a continuation of the Octopus Microfinance, a project developed by international NGO ACTED for the use of their microfinance arm OXUS. We develop an open-source microfinance software for the use of Microfinance Institutions, NGOs, Banks and Credit Companies, as well as additional value added modules like an Accounting Module, a Loan Origination Solution, a Customer Relationship Management System, and a Tablet Application for customer appraisal. OpenCBS is used by over 20 financial organisations in South Asia, Central Asia, Africa, the Caribbean, the Americas and Europe on a paid basis. We also have more than 100 free users of the standard Open Source solution. Always keeping in mind agile development and affordability, we are growing extremely fast and aim at becoming the leading open-source solution in microfinance. We also operate through local partners, including a network of vendors who support us by performing implementations, and assisting clients in their regions. We listen to our customer needs, develop our solution using agile methodology with a community-based approach. Contrary to other software providers, our clients are not hostage of our solution once they start using it: we involve them in the design of our roadmap, practice affordable pricing and contribute to the development of responsible nancial services, especially in developing countries. Vision and Mission We believe that microfinance is a sustainable development solution, and that by providing appropriate technology for microfinance, we are doing our part to help the 2.5 billion people without access to banking services. Microfinance demands simple and adaptable technology. We've created a modular technology to meet the needs of microfinance providers all over the globe. We believe in our clients, and offer affordable services to small institutions in the hope that we'll be able to grow alongside them.